Central Japan Commodity Exchange
|Central Japan Commodity Exchange|
|Founded||October 1, 1996|
|Key People||Susumu Kuroiwa, chairman and CEO|
|Products||Futures in energy, ferrous and non-ferrous metals, rubber and eggs|
The Central Japan Commodity Exchange (C-Com), founded in 1996, offered trading in futures on energy, eggs, metals, stock indexes and rubber. It ceased operations in January 2011 because of declining revenue amid slumping volume. The exchange suspended trading of contracts for gold, gasoline and kerosene over the course of the following year; it stopped trading rubber futures in April of 2010.
The loss in volume resulted from increased competition from overseas exchanges and a change in Japanese law in 2005 that limited small investors' access to trading. 
C-Com was ranked as the world's 51st-largest derivatives exchange by volume in 2010 according to the annual volume survey published by the Futures Industry Association (FIA). The FIA report, published in March of 2011, notes that C-Com's total volume for 2010 dropped by 59.4% from the previous year, falling to 719,276 contracts.
In September 2007, the exchange launched a computer trading system called Trinity-X which supports trading on all C-Com products.
Structure and Regulation
The exchange offers several types of membership: Market Members who have direct access to trading, and General Members who trade through Broker Members. Foreign investors may purhcase Associate Memberships. There are 30 Broker Members and 61 Associate Members from nine countries.
The exchange's clearing operations are done through the Japan Commodity Clearing House.
Products and Services
- C-COM Gasoline
- C-COM Kerosene
- C-COM Gas Oil
- C-COM Eggs
- C-COM Ferrous Scrap
- C-COM Rubber RSS3
- C-COM Rubber TSR20
- C-COM Rubber Index
- C-COM Aluminum
- C-COM Nickel
- Susumu Kuroiwa, chairman and CEO
C-com ranked number 46 in 2009 in the Futures Industry Association's global list of top 53 derivatives exchanges measured by volume, down 45.8% on 2008's volume figure. The FIA list, published in early April 2010, reports that that total volume for 2009 fell to 1.77 million from 2008's figure of 3.27 million.
- Central Japan Commodity Exchange to Close in January on Declining Volume. Bloomberg.
- 2010 Annual Volume Survey. Futures Industry.org.
- Merger of C-COM and OME. C-Com.
- Broker Members. C-Com.
- 2009 Annual Volume Survey. FIA magazine.